tradingkey.logo

Bitcoin Intraday: the downside prevails

Aug 1, 2024 5:28 AM
short positions below 65500 with targets at 62600 & 61600 in extension.
image
Pivot: 65500
Our preference: short positions below 65500 with targets at 62600 & 61600 in extension.
Alternative scenario: above 65500 look for further upside with 66600 & 67600 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
67600
66600
65500
63697 Last
62600
61600
60500
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
KeyAI